US sells USD 86bln of 3-month bills at 3.570%, B/C 2.79x

US sells USD 86bln of 3-month bills at 3.570%, B/C 2.79x.

The U.S. has successfully sold $86 billion in 3-month Treasury bills at a yield of 3.570%, with a bid-to-cover ratio of 2.79x, indicating solid demand relative to recent auctions. This strong demand suggests that investors are seeking safe-haven assets in the current environment, which could influence yields and overall risk sentiment in the fixed income market. The reception may also reflect broader concerns about economic stability, impacting currency flows and other asset classes accordingly.